Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb
Published . Updated .
Sinopec's third-quarter profit rose 63.6% to $2 billion on higher oil prices, but weak Chinese fuel demand and export controls limited refining gains.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+7.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.2% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- SMH VanEck Semiconductor ETF+1.3% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “export controls” (semiconductors) in this story.
- FXI iShares China Large-Cap ETF-5.0% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”).
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+8.4% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.0% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -2.52% | -0.26% | base | +0.44% | after close | after close | after close |
| XLE | -1.29% | +1.72% | base | -0.04% | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| SMH | -7.89% | -4.67% | base | -1.14% | after close | after close | after close |
| FXINo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.14% | +1.35% | base | +0.18% | after close | after close | after close |
| CVX | -1.18% | +1.19% | base | +0.93% | after close | after close | after close |
| COP | -2.27% | +1.58% | base | +0.46% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb Crude Oil Prices Today | OilPrice.com
United States Oil Fund (USO) since “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +0.46% | superseded |
| Conocophillips (COP) | three days earlier | +1.58% | final price |
| Conocophillips (COP) | five days earlier | -2.27% | final price |
| Chevron (CVX) | that day | +0.93% | final price |
| Chevron (CVX) | three days earlier | +1.19% | final price |
| Chevron (CVX) | five days earlier | -1.18% | final price |
| SMH | that day | -1.14% | final price |
| SMH | three days earlier | -4.67% | final price |
| SMH | five days earlier | -7.89% | final price |
| United States Oil Fund (USO) | that day | +0.44% | superseded |
| United States Oil Fund (USO) | three days earlier | -0.26% | final price |
| United States Oil Fund (USO) | five days earlier | -2.52% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.04% | superseded |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.72% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -1.29% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.18% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.35% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 36 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 57 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 64 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 64 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 66 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around United States Oil Fund (USO)
Companies that tend to gain
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 29 Oct 2026 story “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
For “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb,” the 29 Oct 2026 Energy story.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
What this energy story puts on the calendar
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.69. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46. XOM traded between 165.22 and 184.89 across 13 sessions. The latest close on file is 182.08.
What the saved facts support for United States Oil Fund (USO)
54 out of 100Price not final
“Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb” scores 54 out of 100. The score uses 2 sources, and 6 linked companies. The price is not final yet.